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Archive for May, 2014

Nghe An introduces business opportunities in UK

Nghe An introduces business opportunities in UK

May. 26 | UK businesses and trade organisations gathered at a seminar in London on May 23 seeking opportunities to invest in Vietnam, in particular Nghe An province. Vice Chairman of the Nghe An provincial People’s Committee, Le Huy Dai, introduced the province’s...

Japan group inaugurates lubricant oil factory in Haiphong

Japan group inaugurates lubricant oil factory in Haiphong

May. 26 | JX Nippon Oil & Energy Vietnam has just opened a lubricant oil factory at Dinh Vu Industrial Zone in Haiphong. The company, an affiliate of Japan’s JX Nippon Oil & Energy group, was granted a license to run a project at Dinh Vu IZ in 2010. It...

PM instructs urgent support for foreign firms after riots

PM instructs urgent support for foreign firms after riots

May. 22 | Businesses affected by the disturbances in Ha Tinh, Binh Duong and Dong Nai provinces will have their taxes and land rents waived, reduced or deferred, and receive other assistance, at the request of Prime Minister Nguyen Tan Dung. The Government Office...

Hanoi hosts banking expo

Hanoi hosts banking expo

May. 22 | The Vietnam Banking Conference and Expo 2014 opened in Hanoi on May 21 to identify measures to boost infrastructure restructuring and enhance risk management capability in the banking industry. The two-day event, co-organized by the State Bank of Vietnam...

Deputy PM: Vietnam ensures safety for foreign businesses

Deputy PM: Vietnam ensures safety for foreign businesses

May. 22 | Deputy Prime Minister Hoang Trung Hai has affirmed that the Vietnamese Government will make every measure to ensure security and safety of life and assets for domestic and foreign businesses operating in the Formosa project in Ha Tinh province. Hai made...

HCM City vows to protect foreign investors

HCM City vows to protect foreign investors

May. 16 | Ho Chi Minh City will do its utmost to protect the safety and property of foreign investors, the city’s top politician has said. Chairman of the municipal People’s Committee Le Hoang Quan held a May 15 working session with representatives of some...

SBV to resume gold auctions if demand rises: paper

SBV to resume gold auctions if demand rises: paper

May. 16 | A representative of the State Bank of Vietnam (SBV) in Ho Chi Minh City said on May 14 the central bank would inject gold into the market through auctions if demand increases in the coming days, according to a local newspaper. The Saigon Times Daily on...

Delayed projects on the chopping block

Delayed projects on the chopping block

May. 16 | Localities nationwide are intensifying efforts to create a healthy climate for and speed up the pace of investment. Two projects by Malaysia’s Berjaya Land, a wholly-owned subsidiary of Berjaya Leisure (Caymans) Ltd., have seen no progress after being...

Incentives lure investors to Phu Quoc Island

Incentives lure investors to Phu Quoc Island

May. 12 | With the recent introduction of a number of preferential policies, Phu Quoc island district is attracting strong domestic and foreign investment, says Huynh Quang Hung, vice chairman of the district. Between 2011-2013, as many as 94 projects, covering...

Positive signs of textile, footwear exports

Positive signs of textile, footwear exports

May. 12 | The Ministry of Industry and Trade (MoIT) reports the textile and leather & footwear sectors achieved impressive growth in April buoyed up by numerous export contracts. Impressive growth for textiles MoIT statistics show that garment and textile export...